Employees install batteries on an electric SUV at the Nio production facility in Hefei, Anhui province, China. Photo: Bloomberg
Employees install batteries on an electric SUV at the Nio production facility in Hefei, Anhui province, China. Photo: Bloomberg

Busy year ahead for Chinese Tesla challengers Nio, Xpeng, as industry body forecasts 40 per cent rise in deliveries

  • The China Association of Automobile Manufacturers sees sales of NEVs topping 1.8 million units next year, up from around 1.3 million in 2020
  • Sales will be bolstered by government support for the industry, economic growth and strong promotional campaigns by carmakers, analysts predict

Employees install batteries on an electric SUV at the Nio production facility in Hefei, Anhui province, China. Photo: Bloomberg
Employees install batteries on an electric SUV at the Nio production facility in Hefei, Anhui province, China. Photo: Bloomberg
READ FULL ARTICLE